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American Focus > Blog > Economy > 2 Stocks That Could Double in 2 Years
Economy

2 Stocks That Could Double in 2 Years

Last updated: April 20, 2025 9:00 am
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2 Stocks That Could Double in 2 Years
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The stock market is currently facing a lot of uncertainty, with President Trump’s trade policies causing fluctuations in the market. Despite this, long-term investors see these sell-offs as opportunities to buy quality stocks at a discount.

One such stock that has been hit hard recently is Target (NYSE: TGT). The retail giant has seen its shares plummet by 65% since the peak of the pandemic. Target has been struggling to grow due to weak consumer spending and internal issues like theft. However, the company’s current valuation is quite low, with a price-to-earnings ratio of just 10.5. This means that the stock could double even without an increase in earnings.

Target has a plan to revitalize its brand by focusing on its owned brands like Cat & Jack and All in Motion. The company also plans to open new stores and remodel existing ones, with a goal of adding $15 billion in sales over the next five years. If Target can execute on its strategy and improve its earnings, the stock has the potential to soar.

Another stock that is trading at a discount and has significant growth potential is Micron (NASDAQ: MU), a leading maker of computer memory chips. Micron’s business is cyclical, but it is currently benefiting from the AI boom. With a price-to-earnings ratio of just 10, Micron’s stock is undervalued, and it could easily double in the next two years if it meets analyst expectations.

Both Target and Micron offer investors the opportunity to capitalize on their current low valuations and potential for growth. By considering these stocks for investment, investors can take advantage of the current market conditions and potentially see significant returns in the future.

See also  Market speculation picks up to start 2025 as crypto stocks jump
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